The Federal Reserve’s Financial Accounts of the United States report is a crucial resource that offers insights into the state of retirement assets across the nation. Significantly, these retirement assets encompass funds held in pension plans sponsored by employers as well as in Individual Retirement Accounts (IRAs). As of December 31, 2022, a staggering total of $37.8 trillion was secured in U.S. retirement plans and accounts. Delving into specifics, $26.3 trillion of this was located in employer-sponsored plans, with the remaining $11.5 trillion residing in IRAs.

What does this mean for you?

Essentially, this opens up an opportunity for you to access a multi-trillion-dollar pool of funds for your investment deals. This is particularly relevant if you’re exploring avenues in real estate or other alternative assets.

Self-Directed IRAs and Solo 401(k) accounts are not just tools for building your retirement nest egg with alternative assets. They also present an avenue for you and others to engage as a debt or equity partner in investment deals, leveraging other people’s accounts. Indeed, this is a significant development in the realm of retirement savings.

Since their inception in 1975, retirement accounts have been empowered to invest in virtually anything, barring life insurance or collectibles. However, this level of investment freedom is contingent on those accounts being self-directed.

The process.

The process to open a self-directed account is streamlined and user-friendly. If you’re looking to start an IRA, the process begins HERE. For those interested in opening a Solo 401(k) account, your journey starts HERE.

Before diving into the specifics of opening a new Self-Directed Account, it’s vital to understand some important information. Keeping your investments secure is a fundamental responsibility of IRA service providers. uDirect is committed to not just fulfilling this responsibility, but exceeding it. In alignment with efforts to combat the funding of terrorism and money laundering activities, federal law mandates all financial institutions to obtain, verify, and record information that identifies each account holder.

What does this mean for you as a potential account holder?

When initiating the process of opening an account, uDirect will request your personal details.  These details include your name, address, date of birth, and other pertinent information to establish your identity. You might be asked to present your driver’s license, passport, or other identifying documents. Hence, it’s crucial to have these documents readily accessible. Being prepared to supply these documents when opening an account not only streamlines the process but also ensures that your retirement plan IRA is set up swiftly and with the utmost accuracy.

To set up a 20-minute free consultation, reach out to uDirect IRA Services at